31 iulie 2020

Eurozone economy sees deepest contraction on record amid Covid-19 lockdowns


The decline compares with a 9.5 percent quarter-on-quarter drop in the US, which, unlike Europe, has not yet been able to get its contagion numbers firmly down and whose economic recovery is in doubt.European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 25, 2020.(Yves Herman / Reuters)The economy of the 19-country eurozone has contracted after it shrunk by a devastating 12.1 percent during the April-June period from the quarter before – the largest [...]